Crescent Resources closes on $75M in senior secured notes

CHARLOTTE — Charlotte-based Crescent Resources said it has closed on $75 million in senior secured notes after completing another capital-raising campaign last summer.

“We view our success in attracting growth capital as validation of our strategies for bringing innovation, sustainability and community building to all of the real estate markets we serve,” CEO Todd Mansfield said in a press release.

“We have assembled a talented team at Crescent that is committed to using our capital base and our experience to make smart investments for the benefit of all stakeholders, including the people who live, work and play in Crescent developments.”

Last summer, the company completed a private offering of $350 million in senior secured notes.